UBS has raised its price target for SAP from 222 to 237 euros after the company reported strong third-quarter results.
Analyst Michael Briest praised the company's solid sales momentum and impressive financial performance, noting that SAP's free cash flow has reached 5 billion euros since the beginning of the year.
The bank maintains a "Buy" rating on SAP, indicating confidence in its continued growth. This positive assessment reflects SAP's resilience in the competitive software market, with analysts optimistic about its future prospects.
The updated price target demonstrates UBS's belief in SAP's ability to sustain its strong performance in the coming quarters.